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 Leading Investment Bank Axis Capital announced that its MD & CEO Dharmesh Mehta has stepped down. The bank has elevated Salil Pitale and Chirag Negandhi as Joint Managing Directors and Co-Chief Executive Officer. Pitale and Negandhi’s appointment will be with immediate effect.
Source- Press Information Bureau (PIB)

 The Centre included Gangotri and Yamunotri in Uttarakhand, Amarkantak in Madhya Pradesh and Parasnath in Jharkhand under a central scheme to develop pilgrimage and heritage destinations in the country, a tourism ministry statement stated. With the new additions, the number of sites under the Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASAD) launched by the ministry in 2014-15 has now become 41 in 25 states.
Source: Business Standard

  Delhi Chief Minister Arvind Kejriwal launched the ‘Mukhyamantri Tirth Yatra Yojana’ which offers free travel packages for senior citizens from Delhi to five religious circuits. 1,100 senior citizens from every constituency of Delhi will be able to avail this facility at one go. Under this free pilgrimage scheme, a Delhi resident above 60 years will be eligible to take free pilgrimage along with his or her spouse.
Source- NDTV News

 The second meeting of the NITI Forum for the North East is being held in Guwahati, Assam. Minister of State for Development of North Eastern Region, Dr Jitendra Singh and Vice Chairman of NITI Aayog Rajiv Kumar attended the meeting. NITI Forum for North East was constituted this year to periodically review the development status in the region. The members of the forum include Secretaries of various central ministries, Chief Secretaries of all eight North-eastern states, senior government officials and experts from various fields.
Source- News on AIR

 India signed an agreement with Peru for co-operation and mutual assistance in Customs Matters. It provides a legal framework for the sharing of information and intelligence between the Customs authorities of the two countries. The agreement will also help in the proper application of Customs laws, prevention and investigation of Customs offenses. According to the Finance Ministry, the agreement signed in New Delhi is also expected to facilitate trade and ensure the efficient clearance of goods traded between the two sides.
Source: News on AIR

 Paisabazaar.com, India’s largest online marketplace for financial products has launched an industry-first feature that will help loan applicants choose their most-suited lender on its platform. Named ‘Chance of Approval’, this advanced predictive algorithm has been created by Paisabazaar.com by using the last four years of lending data. While this is the first such initiative in India, globally a few leading players, like Credit Karma in the US, have developed similar features to improve the acceptance rate on their platforms.
Source: The Business Standard

 The UAE now has the world’s most powerful passport, achieving the top ranking in an achievement hailed as a tribute to the legacy of the Founding Father, Sheikh Zayed,and the country’s diplomacy. The number 1 spot in the global Passport Index was achieved just as the UAE celebrates it 47th National Day and its achievements since 1971.
The index, compiled by Arton Capital, ranks national passports based on the number of countries a holder can enter without a visa or by obtaining one on arrival. India was ranked 140th in the list. Top 3 countries on INDIVIDUAL PASSPORT POWER RANK are:
  • 1. The UAE
  • 2. Singapore 
  • 3. Germany
  • Source- Press Information Bureau (PIB)

     German firm BigRep claims it has produced the world’s first fully functioning e-motorbike NERA using a 3D printer. According to the company, NERA has groundbreaking features like airless tires, embedded electronics, and forkless steering. The bike was conceptualized and developed in 12 weeks and includes 15 parts, which are all 3D printed except its motor and battery. The name is derived from the slogan “New Era”.
    Source: The Reuters

     IN a move to reinforce brand Naveen and give it a national perspective after the success of the Hockey Men’s World Cup, Odisha Government launched yet another initiative, Peoples Empowerment – Enabling Transparency and Accountability of Odisha Initiatives (PEETHA).  The Scheme is aimed at creating awareness about various schemes and improving transparency in the distribution of individual and social benefits. This is part of the 3T initiative of Technology, Transparency and Team Work model. The PEETHA is a sub-scheme of the Odisha government’s flagship Ama Gaon Ama Bikas Yojana. 
    Source- NDTV News

     Prime Minister Narendra Modi will inaugurate the Bogibeel Bridge, on December 25. It is India’s longest rail-road bridge, connecting the north and south banks of the Brahmaputra, falling in the eastern part of Assam and Arunachal Pradesh. The bridge is 4.94 km long. While former prime minister HD Deve Gowda laid the foundation stone for the Bogibeel bridge in January 1997, the work started only in April 2002 when former PM Atal Bihari Vajpayee inaugurated the construction.
    Source: The Hindu



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